Rental Property Investor · Austin, TX · Member since 2019 · 7 posts · 3 votes
Is there an efficient process to record property data? I want to analyze data using statistics from multiple sources such as the mls. This is an attempt to make data driven decisions but not a replacement for due diligence, just an extra tool to help systematize and automate finding on-market deals.
Property data such as purchase price, list price, sqft, rent, bed/ baths, etc.
Then apply statistical analysis/ machine learning such as mean, median, rules such as 2% rule, rental growth over time, predictions in appreciation, etc.
Currently I use google sheets to store this data and use tools within sheets to analyze properties. Create graphs to show visualization of the data within a market. (I.e Austin Texas suburbs)
I have a technical background in Software Engineering and AI and want to leverage those to help find great deals and better understand market as it evolves.
Realtor · Miramar, FL · Member since 2017 · 12 posts · 4 votes
7y
@Alex Lade Are you referimg to data extraction? Matlab modules might have canned algororhitms, but not sure if this is what you need. It is a great idea.
Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
7y
Kansas City has tons of data that you can download from its OpenData KC site: https://data.kcmo.org/. I think many other cities have similar sites as well. From there, I think you can pretty much download them into Excel docs and then organize it that way. Or use a database like Access or even more powerful tools to analyze it that are beyond my pay grade. But I would check to see if Austin has a website like OpenData KC.
@Alex Lade have you find the data source you are looking for? I have a similar idea and was able to find some regional data that includes sold price, address, bed, bath, sqft etc. Feel free to pm me for the details.